The latest data show India’s consumer price inflation fell to a five-month low of 6.71% in July. Despite the numbers indicating a cool-off, consumer inflation has been above RBI’s tolerance band and medium-term target for 34 straight months.
Mutual fund NFOs: 6 new funds to open for subscription this week; ICICI Prudential MF to launch 3 life cycle funds
Around six new mutual fund schemes will open for subscription between August 24 and August 28. The upcoming launches include three target-date life cycle funds